GII THIU PHN TCH BO CO TI CHNHCHNG 1

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V SAO PHI PHN TCH BO CO TI CHNH?*

C S D LIU PHN TCH BCTC*

NI DUNG PHN TCH BCTC*

PHNG PHP PHN TCH BCTC PHNG PHP SO SNHTi sao phi so snh ?Gc so snh ?Khng gian (n v ny vi n v khc, khu vc ny vi khu vc khc)Thi gian (hin ti vi qu kh)Cc dng so snh ?So snh bng s tuyt i A = A1 A0So snh bng s tng i

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Phn tch ngangTimeSo snh tnh trng ti chnh v kt qu hot ng ca mt cng ty gia cc k.CNG C PHN TCH*

Bin ngs tinGi tr kphn tchGi tr k gc=CC BO CO SO SNHT l bin ngBin ng s tin Gi tr k gc100=*

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Vinaconex

Bng cn i k ton

ti ngy 31/12/2009

(triu ng)

TI SN31/12/200931/12/2008chnh lch

triu ng%

A. Ti sn ngn hn5,457,5154,651,660805,85517.32%

1. Tin v tng ng tin1,198,148692,948505,20072.91%

2. u t ti chnh ngn hn2,660178,587(175,927)-98.51%

3. Phi thu ngn hn2,714,9882,414,268300,72012.46%

Phi thu khch hng664,820417,799247,02159.12%

Tr trc cho ngi bn1,305,172987,544317,62832.16%

4. Hng tn kho1,287,8341,127,389160,44514.23%

5. Ti sn ngn hn khc253,885238,46815,4176.47%

B. Ti sn di hn11,254,4679,342,5411,911,92620.46%

1. Phi thu di hn5,255,5830.05,255,583

2. Ti sn c nh679,8016,909,842(6,230,041)-90.16%

3. Bt ng sn u t194,394119,86774,52762.17%

4. u t ti chnh di hn5,120,9242,304,2622,816,662122.24%

5. Ti sn di hn khc3,7658,570(4,805)-56.07%

Tng ti sn16,711,98213,994,2012,717,78119.42%

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Phn tch xu hng c s dng th hin ng s liu cho mt s thi k.PHN TCH XU HNG

Prepared by Pham Thi Thuy

Berry ProductsThng tin Li nhunCho cc nm ti chnh kt thc ngy 31.122007 l nm gc nn gi tr ca n l 100%.PHN TCH XU HNG*

PHN TCH XU HNG*

*PHN TCH XU HNG

Prepared by Pham Thi Thuy

Chart1

111

1.20616341951.16174048711.4673802243

1.36336024891.2758082691.878185525

1.48285058151.38935598512.0326197757

1.8793984741.76926410682.5270132518

1.89599229571.72505850742.9011213048

2.00222238681.86261593142.8231396534

Li nhun gp

Gi vn hng bn

Doanh thu

Doanh thu thun

Gi vn hng bn

Li nhun gp

Sheet1

2007200820092010201120122013

Doanh thu thun13,49916,28218,40420,01725,37025,59427,028

Gi vn hng bn11,53713,40314,71916,02920,41219,90221,489

Li nhun gp1,9622,8793,6853,9884,9585,6925,539

20072008200920102011

Doanh thu thun100%121%136%148%188%190%200%

Gi vn hng bn100%116%128%139%177%173%186%

Li nhun gp100%147%188%203%253%290%282%

Sheet1

Doanh thu thun

Gi vn hng bn

Li nhun gp

Sheet2

BNG 5.3 BO CO KT QU KINH DOANH QUI M CHUNG

Ch tiunm 2011nm 2010chnh lch

t ngt trng %t ngt trng %t ngt l %t trng %

1. Doanh thu bn hng v CCDV25,398100.0020,041100.005,35726.730.00

2. Cc khon gim tr doanh thu280.11240.12416.67-0.01

3. Doanh thu thun bn hng v CCDV25,37099.8920,01799.885,35326.740.01

4. Gi vn hng bn v dch v cung cp20,41280.3716,02979.984,38327.340.39

5. Li nhun gp bn hng v CCDV4,95819.523,98819.9097024.32-0.38

6. Doanh thu hot ng ti chnh5522.174622.319019.48-0.13

7. Chi ph ti chnh6942.735592.7913524.15-0.06

trong chi ph li vay2500.982381.19125.04-0.20

8. Chi ph bn hng7933.126463.2214722.76-0.10

9. Chi ph qun l doanh nghip1,6036.311,3706.8423317.01-0.52

10. Li nhun thun t hot ng KD2,4209.531,8759.3654529.070.17

11. Thu nhp khc1050.411440.72-39-27.08-0.31

12. Chi ph khc590.231060.53-47-44.34-0.30

13. Li nhun khc460.18380.19821.05-0.01

14. Li nhun t cng ty lin kt350.141080.54-73-67.59-0.40

15. Li nhun k ton trc thu2,5019.852,02110.0848023.75-0.24

16. Chi ph thu TNDN hin hnh4181.653471.737120.46-0.09

17. Chi ph/ (thu nhp) thu TNDN hon li40.02(15)(0.07)19-126.670.09

18. Li nhun sau thu TNDN2,0798.191,6898.4339023.09-0.24

Sheet3

*So snh tnh trng ti chnh, kt qu hot ng ca mt cng ty vi mt mc c s (100%).CNG C PHN TCH

Phn t ch dc

Tnh % qui m chung% qui m chungGi tr phn tchGi tr gc100=BO CO TI CHNH QUI M CHUNG*

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Vinaconex

Bng cn i k ton

ti ngy 31/12/2009

TI SN31/12/200931/12/2008

Triu ng%triu ng%

A. Ti sn ngn hn5,457,51532.66%4,651,66033.24%

1. Tin v tng ng tin1,198,1487.17%692,9484.95%

2. u t ti chnh ngn hn2,6600.02%178,5871.28%

3. Phi thu ngn hn2,714,98816.25%2,414,26817.25%

Phi thu khch hng664,8203.98%417,7992.99%

Tr trc cho ngi bn1,305,1727.81%987,5447.06%

4. Hng tn kho1,287,8347.71%1,127,3898.06%

5. Ti sn ngn hn khc253,8851.52%238,4681.70%

B. Ti sn di hn11,254,46767.34%9,342,54166.76%

1. Phi thu di hn5,255,58331.45%0.00.00%

2. Ti sn c nh679,8014.07%6,909,84249.38%

3. Bt ng sn u t194,3941.16%119,8670.86%

4. u t ti chnh di hn5,120,92430.64%2,304,26216.47%

5. Ti sn di hn khc3,7650.02%8,5700.06%

Tng ti sn16,711,982100.00%13,994,201100.00%

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Vinaconex

Bng cn i k ton

ti ngy 31/12/2009

NGUN VN31/12/200931/12/2008Chnh lch

Triu ng%triu ng%triu ngt l %t trng %

A. N phi tr13,304,71179.6%12,500,42489.3%804,2876.4%-9.7%

I. N ngn hn6,825,85940.8%5,132,19636.7%1,693,66333.0%4.2%

1. Vay v n ngn hn1,069,4956.4%1,906,35313.6%(836,858)-43.9%-7.2%

2. Phi tr ngi bn429,3192.6%320,9842.3%108,33533.8%0.3%

3. Ngi mua tr tin trc1,924,37911.5%1,928,68913.8%(4,310)-0.2%-2.3%

4. Phi tr phi np NH khc2,655,85615.9%287,3442.1%2,368,512824.3%13.8%

II. N di hn6,478,85238.8%7,368,22852.7%(889,376)-12.1%-13.9%

Vay n di hn6,477,42838.8%6,468,34246.2%9,0860.1%-7.5%

B. Ngun vn ch s hu3,407,27020.4%1,493,77810.7%1,913,492128.1%9.7%

1. Vn iu l1,850,80411.1%1,499,85210.7%350,95223.4%0.4%

2. Thng d vn c phn350,9522.1%0.00.0%350,9522.1%

3. Chnh lch t gi hi on3270.0%(467,575)-3.3%467,902-100.1%3.3%

4. Qu u t pht trin161,0471.0%77,1190.6%83,928108.8%0.4%

5. Qu d phng ti chnh42,8020.3%27,5420.2%15,26055.4%0.1%

6. LN sau thu cha p.phi414,7682.5%170,1901.2%244,578143.7%1.3%

Tng ngun vn16,711,98113,994,202100.0%2,717,77919.4%

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Vinaconex

Bo co kt qu hot ng kinh doanh

Cho nm ti chnh kt thc ngy 31/12/2009

Ch tiu20092008Chnh lch

triu ng%triu ng%triu ngt l %t trng %

1Doanh thu thun BH & CCDV3,849,352100.0%2,848,155100.0%1,001,19735.2%0.0%

2Gi vn hng bn3,574,80392.9%2,767,68097.2%807,12329.2%-4.3%

3Li nhun gp t BH & CCDV274,5497.1%80,4752.8%194,074241.2%4.3%

4Doanh thu hot ng ti chnh802,94020.9%199,2257.0%603,715303.0%13.9%

5Chi ph ti chnh581,01215.1%112,7494.0%468,263415.3%11.1%

trong chi ph li vay356,8439.3%34,0611.2%322,782947.7%8.1%

6Chi ph bn hng2,7700.1%54,1001.9%(51,330)-94.9%-1.8%

7Chi ph qun l DN331,8938.6%226,0967.9%105,79746.8%0.7%

8Li nhun thun t HKD161,8144.2%(113,245)-4.0%275,0598.2%

9Thu nhp khc968,63225.2%423,06714.9%545,565129.0%10.3%

10Chi ph khc574,71714.9%3,7050.1%571,01215411.9%14.8%

11Li nhun t hot ng khc393,91510.2%419,36214.7%(25,447)-6.1%-4.5%

12Tng LN k ton trc thu555,72914.4%306,11710.7%249,61281.5%3.7%

13Chi ph thu TNDN hin hnh140,4643.6%9250.0%139,53915085.3%3.6%

14Li nhun sau thu TNDN415,26510.8%305,19210.7%110,07336.1%0.1%

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Phn tch biu cho BCKQKD ca cng ty Clover nm 2013.BIU QUI M CHUNG*

Chart2

69.1999999

24.7

1.2

1.4

0.2

3.6

Sheet1

2007

Revenues100.0%

Cost of goods sold69.2

Selling and administrative24.7

Net interest1.2

Income taxes1.4

Other gains0.2

Net earnings3.6

Net income per share

Avg. # common shares

Sheet1

Gi vn hng bn69.0%

CPBH&QL24.6%

Li vay1.20%

thu TNDN1.4%

li nhun khc0.2%

Li nhun thun3.6%

Sheet2

Sheet3

PHNG PHP PHN TCH BCTC phng php chi titChi tit theo thi gianChi tit theo a imChi tit theo b phn cu thnh *

PHNG PHP PHN TCH BCTC phng php lin h cn iXem xt mi quan h cn i gia cc yu t ca qu trnh kinh doanh.Ti sn = N phi tr + Vn ch s hu

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PHNG PHP PHN TCH BCTC phng php Dupont*

PHNG PHP PHN TCH BCTC phng php loi trLng ho nh hng ca tng nhn t ti ch tiu phn tch. Khi xc nh nh hng ca nhn t ny th phi loi tr nh hng ca tt c cc nhn t khc.Cc dng ca phng php loi tr:Phng php thay th lin honPhng php s chnh lch*

PHNG PHP THAY TH LIN HONCh tiu phn tch: Q = a x b x cK gc: Q0 = a0x b0 x c0K phn tch: Q1 = a1x b1 x c1Bin ng ca ch tiu phn tch:Q = Q1 - Q0 = Q(a)+Q(b)+Q(c)

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Q = Q(a)+Q(b)+Q(c) Q(a) =a1xb0xc0 a0xb0xc0Q(b) =a1xb1xc0 a1xb0xc0Q(c) =a1xb1xc1 a1xb1xc0PHNG PHP THAY TH LIN HON*

Q = Q(a)+Q(b)+Q(c) Q(a) =(a1 a0) x b0x c0Q(b) =a1x (b1- b0) x c0Q(c) =a1x b1x (c1 c0)PHNG PHP S CHNH LCH*

Cng ty Tng An chuyn sn xut v kinh doanh du n. Nm 2012 tng sn lng tiu th l 12 triu lt vi gi bn bnh qun l 12000/lt. Nm 2013 tng sn lng tiu th l 14 triu lt vi gi bn bnh qun l 12500/lt. Hy phn tch cc nhn t nh hng ti doanh thu tiu th ca cng ty Tng An.PHNG PHP LOI TR - V d*

Doanh thu (R) = Sn lng tiu th (Q) x Gi bn n v sn phm (P)Doanh thu nm 2013: R1 = Q1x P1175.000.000.000 = 14.000.000 lt x 12.500/ltDoanh thu nm 2012: R0 = Q0x P0144.000.000.000 = 12.000.000 lt x 12.000/ltPHNG PHP LOI TR - V d*

*PHNG PHP LOI TR - V d

Ch tiu201320122010 so vi 2009+(-)%Sn lng tiu th (triu lt)1412+ 2117n gi bn (/lt)12.50012.000+ 500104Doanh thu tiu th (triu ng)175.000144.000+ 31.000121

Prepared by Pham Thi Thuy

So vi nm 2012, doanh thu tiu th nm 2013 tng 31.000 triu ng, hay t 121% l do nh hng ca 2 nhn t:Sn lng tiu th thay i lm doanh thu tng: 14 triu lt x 12.000/lt 12 triu lt x 12.000/lt = 24.000 triu ngn gi bn thay i lm doanh thu tng:14 triu lt x 12.500/lt 14 triu lt x 12.000/lt = 7.000 triu ngPHNG PHP LOI TR - V d*

So vi nm 2012, doanh thu tiu th nm 2013 tng 31.000 triu ng, hay t 121% l do nh hng ca 2 nhn t:Sn lng tiu th thay i lm doanh thu tng: (14 triu lt 12 triu lt) x 12.000/lt = 24.000 triu ngn gi bn thay i lm doanh thu tng:14 triu lt x (12.500/lt - 12.000/lt) = 7.000 triu ngPHNG PHP LOI TR - V d*

Sp xp cc nhn t nh hng n ch tiu nghin cu vo mt cng thc ton hc.Sp xp theo th t: t nhn t s lng n nhn t cht lng.PHNG PHP LOI TR - iu kin p dng*

Qui trnh phn tch BCTC*

Kt thc chng 1*

Prepared by Pham Thi Thuy

Prepared by Pham Thi ThuyPrepared by Pham Thi ThuyPrepared by Pham Thi Thuy*Horizontal analysis can be extremely helpful in learning more about a company. It is the process of properly preparing financial data in dollar and percentage formats. This information is usually shown side-by-side.

Prepared by Pham Thi ThuyPrepared by Pham Thi Thuy*The first task that we face is establishing the base year and then calculating changes in reference to the base.In horizontal analysis, we use the oldest year shown as the base year and determine the dollar change between the base year and the current year. For Clover Corporation 2006 is the base year.

Prepared by Pham Thi ThuyPrepared by Pham Thi Thuy*Prepared by Pham Thi ThuyPrepared by Pham Thi Thuy*To calculate the trend percentage, we divide the current period amount by the base period amount and multiply by one hundred. All values will be expressed as a percentage increase or decrease from the base period. The base period is usually the oldest period shown.

Prepared by Pham Thi ThuyPrepared by Pham Thi Thuy*We have developed some income information for Berry Products for the years 2001 through 2005. Lets analyze this information using trend analysis.

Prepared by Pham Thi ThuyPrepared by Pham Thi Thuy*The base period will be the year 2001. Now we convert all the dollars shown to percentages using year 2001 amounts as one hundred percent.To determine the percentage increase in sales for 2002, we divide 2002 sales of two hundred ninety thousand dollars by 2001 sales of two hundred seventy five thousand dollars, and multiply by one hundred percent. Sales for 2002 are one hundred five percent of 2001 sales. We follow similar calculations for cost of goods sold and gross margin. Next, we complete the remaining years on our table. Before going to the next slide see if you can calculate the 2003 sales percent.

Prepared by Pham Thi ThuyPrepared by Pham Thi Thuy*Some managers prefer to review trend information in chart form. Using Excel is an easy way to develop charts from our data. Here is the chart of the trend percentages for Berry Products. You can see the slow growth of gross margins clearly.

Prepared by Pham Thi ThuyPrepared by Pham Thi Thuy*Vertical analysis is the process of comparing a companys financial condition and results of operation in reference to a base amount.

Prepared by Pham Thi ThuyPrepared by Pham Thi Thuy*Common size financial statements are prepared for a single period. We express all items on the statement in terms of a one component of that statement. For the income statement, we normally express all items as a percent of total revenues. For the balance sheet, we generally express all items as a percent of total assets.

Prepared by Pham Thi ThuyPrepared by Pham Thi Thuy*Prepared by Pham Thi ThuyPrepared by Pham Thi Thuy*Prepared by Pham Thi ThuyPrepared by Pham Thi Thuy*Prepared by Pham Thi ThuyPrepared by Pham Thi Thuy*This graph shows a common size income statement for 2007. All percentages are expressed in term of sales revenue. For example, cost of sales was sixty nine point two percent of total sales in 2007. Some business managers prefer to view charts rather than the raw numbers. We constructed this chart using Excel.

Prepared by Pham Thi ThuyPrepared by Pham Thi Thuy*Prepared by Pham Thi ThuyPrepared by Pham Thi Thuy*Prepared by Pham Thi ThuyPrepared by Pham Thi Thuy*Prepared by Pham Thi ThuyPrepared by Pham Thi Thuy*Prepared by Pham Thi ThuyPrepared by Pham Thi Thuy*Prepared by Pham Thi ThuyPrepared by Pham Thi Thuy*Prepared by Pham Thi ThuyPrepared by Pham Thi Thuy*Prepared by Pham Thi Thuy